The Twitter-24/7 Wall St. Market Report (10/8/2010) September Unemployment

Twitter  has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

The Economist: Japan launches new stimulus; US payrolls down 95,000, much worse than expected; Shanghai’s new property curbs http://ow.ly/2Qyz5

NYT: U.S. Economy Lost 95,000 Jobs in September; Jobless Rate Steady at 9.6%

CNN Money: U.S. economy lost 95,000 jobs in September, but private sector gained 64,000 jobs, U.S. says. Unemployment rate stays at 9.6%. $$

MarketWatch: U.S. economy sheds 95,000 jobs in September http://on.mktw.net/9JpqoP

WSJ: The private sector added 64,000 jobs in September, fewer than expected. More live analysis of the report: http://on.wsj.com/dzqrz9

Yahoo! Finance: Economy Loses 95,000 Jobs in September., Worse Than Expected; Unemployment Rate Holds at 9.6%- AP http://yhoo.it/bsMUWC

Douglas A. McIntyre